Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the global market for carbon capture technologies is expected to exceed $236.3 billion by 2012.

Carbon Capture & Storage Technologies states that the market was worth $88.7 billion in 2007 and its projected increase to $236.3 billion five years later represents a compound annual growth rate (CAGR) of 21.8%.

The study finds that the market is broken down into applications of precombustion, combustion and postcombustion. Of these, postcombustion has the largest share of the market. Valued at nearly $51.5 billion in 2007, this segment is expected to be worth $107.0 billion by 2012, a CAGR of 15.7%.

Authors of the report say that post-combustion, which involves chemical stripping of carbon dioxide (CO2) from various gases by bubbling the gases through liquid chemicals, is the most mature and up to now, the technology to beat in price and reliability.

Analysts say that the second largest segment, precombustion, was worth an estimated $34.6 billion in 2007 and will reach $124.9 billion by 2012. Precombustion involves gasifying coal to extract a synthetic natural gas that is then burned in an Integrated Gasification Combined Cycle plant, a process that emits much less CO2 than a traditional coal plant and can be
configured to be a near zero emission plant with the addition of post-combustion technologies. Demand for clean as well as cheap energy sources such as coal that remains insulated from rising oil and gas prices is driving this market.

The publication records that the combustion segment is currently a $500 million sector that will be worth $2.0 billion in 2012, for a CAGR of 32%.

Carbon Capture & Storage Technologies

Report Buyer product ID: BCC00205

Report Buyer category: Energy & Utilities